Originally posted by Daemon Sin
I'll have to ask the guy who first told me the question when I see him again but I think it's just in the English League.
Crystal Palace, which was a building rather than an area.
Of course Arsenal and Port Vale have dropped place names during their history, although whether the latter name actually refers to an area itself I don't know.
There are more in the Scottish league that aren't named after a place St Mirren, St Johnstone, Albion Rovers, Raith Rovers (although Raith may be a place, they're named after the laird), Queen of the South (the nickname of a place), Morton (a street? although have added Greenock at various times), Rangers, Celtic, Hibernian (these last two refering to people, albeit derived from an area).